high exposure downtown corner site 487 leon ave, kelowna bc
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
• • • •
Downtown Kelowna land and building available for lease or for sale 4,403 SF with a fit up retail area in the front and warehouse/storage area in the rear Corner site is approximately 0.12 acres and has parking in the rear Zoned C7 - Central Business Commercial which allows over 40 primary uses
AVAILABLE OPTIONS... BUILDING SIZE (SQ. FT.)
Approx. 4,403
BASE RENT
(PER SQ. FT. PER YEAR)
$13.00
FOR LEASE EST. TNET
TOTAL RENT
SALE PRICE
$4.27
$6,336.65
$998,000
(PER SQ. FT. PER YEAR)
KEN
McLAUGHLIN
250.870.7845
(PER MONTH)
ADDITIONAL COSTS GST & UTIL.
KRIS
McLAUGHLIN 250.870.2165
www.CommercialBC.com •
E.&O.E. The information above has been obtained from sources believed to be reliable. However, neither McLaughlin Commercial Group Ken McLaughlin or Kris McLaughlin RE/MAX/RE/MAX Kelowna,make any guarantees, warranties or representations about the accuracy. It is the responsibility of the reader to independently confirm and verify its accuracy, and to satisfy themselves as to its completeness. Any financial projections, assumptions, or estimates are used for example only and may or may not reflect the current or future performance of the property. All properties listed on MLS® unless otherwised stated.
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
PROPERTY PICTURES
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
PROPERTY PICTURES
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
FLOOR PLATE
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
SITE PLAN
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
LOCATION MAP
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
TITLE SEARCH TITLE SEARCH PRINT Requestor: PB63684 Folio/File Reference:MCLAUGHLIN, KEN
2014-01-10, 13:27:56
**CURRENT INFORMATION ONLY - NO CANCELLED INFORMATION SHOWN** Land Title District Land Title Office
KAMLOOPS KAMLOOPS
Title Number From Title Number
CA1872058 CA463653
Application Received
2011-01-17
Application Entered
2011-01-20
Registered Owner in Fee Simple Registered Owner/Mailing Address:
Taxation Authority
MANOMAY HOLDINGS INC., INC.NO. BC0619618 224 NORTH BOUNDARY ROAD BURNABY, BC V5K 3S6
CITY OF KELOWNA
Description of Land Parcel Identifier: 007-871-945 Legal Description: LOT A DISTRICT LOT 139 OSOYOOS DIVISION YALE DISTRICT PLAN 20326 Legal Notations THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE KW44791 Charges, Liens and Interests
NONE
Duplicate Indefeasible Title
NONE OUTSTANDING
Transfers
NONE
Pending Applications
NONE
Title Number: CA1872058
Title Search Print
Page 1 of 1
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna
Consolidated Zoning Bylaw No. 8000
14.7
C7 – Central Business Commercial C7rls – Central Business Commercial (Retail Liquor Sales) C7lp – Central Business Commercial (Liquor Primary) C7lp/rls – Central Business Commercial (Liquor Primary/ Retail Liquor Sales)
14.7.1
Purpose The purpose is to designate and preserve land for the orderly development of the financial, retail and entertainment, governmental and cultural core of the Downtown, as well as the retail, entertainment and cultural core of Rutland, which shall provide for high density residential uses, and commercial uses.
14.7.2
Principal Uses The principal uses in this zone are: (a) amusement arcade, major (b) apartment housing (c) apartment hotels (d) boarding or lodging houses (e) breweries and distilleries, minor (f) broadcasting studios (g) business support services (h) child care centre, major (i) commercial schools (j) community recreational services (k) congregate housing (l) custom indoor manufacturing/artist’s studio (m) emergency and protective services (n) financial services (o) food primary establishment (p) funeral services (q) fleet services (r) gaming facilities (s) government services (t) health services (u) hotels (v) household repair services (w) liquor primary establishment, major (C7lp and C7lp/rls only) (x) liquor primary establishment, minor (y) multiple dwelling housing (z) non-accessory parking (aa) offices (bb) participant recreation services, indoor (cc) personal service establishments (dd) private clubs
Section 14 – Commercial Zones
Revised May 27, 2013
C7-1 C7rls-1 C7lp-1 C7lp/rls-1
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna
(ee) (ff) (gg) (hh) (ii) (jj) (kk) (ll) (mm) (nn) (oo) (pp) (qq) (qq) (rr) 14.7.3
Consolidated Zoning Bylaw No. 8000
private education services public education services public libraries and cultural exhibits public parks recycled materials drop-off centres retail liquor sales establishment (C7rls and C7lp/rls only) retail stores, convenience retail stores, general spectator entertainment establishments spectator sports establishments supportive housing temporary shelter services thrift stores used goods stores utility services, minor impact
Secondary Uses The secondary uses in this zone are: (a) (b) (c) (d)
14.7.4
Subdivision Regulations (a) (b) (c)
14.7.5
agriculture, urban amusement arcade, minor child care centre, minor home based businesses, minor
The minimum lot width is 6.0 m. The minimum lot depth is 30.0 m. The minimum lot area is 200 m².
Development Regulations (a)
(b) (c) (d) (e) (f)
The maximum height is 22.0 m except in Area 1 and Area 2, as shown on C7 -Diagram A and Diagram C, attached to this bylaw. The maximum allowable height within Area 1 and Area 2, as shown on C7 - Diagram A and Diagram C attached to this bylaw, is 44.0 m. The minimum front yard is 0.0 m. The minimum side yard is 0.0 m. The minimum rear yard is 0.0 m. Any portion of a building above 15 metres in height must be a minimum of 3.0 m. from any property line abutting a street, as shown on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must be a minimum of 4.0 m from any property line abutting another property as illustrated on C7 - Diagram B attached to this bylaw.
Section 14 – Commercial Zones
Revised January 20, 2014
C7-2 C7rls-2 C7lp-2 C7lp/rls-2
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna (g)
(h)
(i)
(j)
(k) (l)
Consolidated Zoning Bylaw No. 8000 Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must lie within the prescribed line illustrated on C7 – Diagram B, attached to this bylaw. This line will start at the geodetic elevation 15.0 m above all property lines adjacent to a street, and be inclined at an angle of 80 degrees. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed 676.0 m2, as illustrated on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height cannot exceed a continuous exterior horizontal dimension of 26.0 m, as illustrated on C7 – Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed a diagonal dimension of 39.0 m as illustrated on C7 – Diagram B attached to this bylaw. In reference to the provisions restricting building envelope, the F.A.R is 9.0. Any portion of a building above 22.0m in height must maintain a minimum setback of: (i) 15.0m from any property line abutting another property line. (ii) 10.0m from any property line abutting a lane. (iii) 30.0m between more than one tower on the same property. The above setbacks will be measured from the nearest exterior building face, exclusive of unenclosed balconies.
14.7.6
Other Regulations (a)
(b)
(c)
A minimum area of 6.0 m² of private open space shall be provided per bachelor dwelling, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, a supplemental floor area of 5% can be added to any floor area above 15.0 m in height provided the floor dimensions comply with all other provisions set out in the C7 zone. The supplemental area can only be added to the floor used as the basis for the calculation and shall be based on gross floor area of that floor. In addition to the regulations listed above, other regulations may apply. These include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3 C7rls-3 C7lp-3 C7lp/rls-3
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna
Consolidated Zoning Bylaw No. 8000
(d)
All buildings along an identified “Retail Corridor”, as shown on C7 – Diagram A, attached to this bylaw, shall provide a functional, retail commercial space on the first floor, which must occupy a minimum of 90% of the street frontage.
(e)
Drive-in food services are not a permitted form of development in this zone.
(f)
Financial services in the Rutland Urban Centre shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.
(f)
All development within the C7 zone must provide an active commercial or residential use at-grade along all street frontages (e.g. retail, office space, ground-orientated residential units), which must occupy a minimum of 90% of the street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has an active commercial or residential space. Access driveways and other portions of the street frontage not used as building will not be considered for the purpose of this calculation.
(g)
Within Area 3, as shown on C7 – Diagram A, attached to this bylaw, buildings less than or equal to 15.0m in height shall not be required to meet the vehicle parking space requirements of Section 8.1 of this Bylaw. Any buildings greater than 15.0m in height shall fully conform to Section 8.1.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3a C7rls-3a C7lp-3a C7lp/rls-3a
Commercial Listings, Projects and Services managed by the McLaughlin Commercial Group and can be seen on its’ website include: • • • •
Commercial Properties for Sale and Lease Businesses for Sale Vacant Land Land Assembly
• • • •
Multi-Family Residential Industrial Projects Larger Commercial Development Projects ALR Submissions
McLaughlin Commercial Group’s Approach: The McLaughlin Commercial Group has earned a reputation for professional due diligence and expertise across a wide range of commercial real estate areas. Its’ approach in cooperative REALTOR®/Developer projects are driven by the principles of buying great sites and improving them through innovative, distinctive and superior developments. The combined multiple decades of experience from the team has gained it an entrepreneurial reputation throughout the Okanagan Valley. It’s common goals shared with clients over the many years is to develop property that is ahead of the market in design and structure, and to deliver a high-quality product that will ensure capital growth for both owner occupiers and investors alike. McLaughlin Commercial Group’s Eight Development Principles: 1. 2. 3. 4. 5. 6. 7. 8.
Position: Does the development occupy a prime location suitable for the target market? Timing: Are we one step ahead of the market in the style and type of development? Tenant Ability: Does it appeal to owners, investors and occupiers alike? Innovation: Will the project allow new concepts, features, and layouts to be incorporated? Site Specifics: Can the project develop an individual signature style not already on the market? Pricing: Will purchasers gain excellent value for their financial outlay? Point of Difference: Can we introduce new initiatives into the market? Demand: Can we capitalize on market trends, that is, does the development appeal to owner occupiers therefore ensuring strong rental prospects for the investor?
A Few of the Institutional and Commercial Relationships Developed by the McLaughlin Commercial Group Over the Years Include: • • • • • • • • • •
Okanagan University College Roman Catholic Bishop of Nelson Tatum Properties Granville Savings & Mortgage Corp. Glenmore Development Corp. Shell Canada/Action Super-Save Gas Stations TROIKA Developments Inc. Environment Canada Managing the submission of ALR applications Managing the re-zoning and/or subdivision process through the City of Kelowna and the Okanagan Regional District
• • • • • • • • • • •
Public Works Canada, Acquisition & Disposition City of Vernon Lawrence Medical Arts Ltd. Huber Developments Ltd. KPMG Inc. Hawkeye Holdings Ltd. Roofing & Sheet Metal Ltd. TOMTAR Roofing & Sheet Metal Ltd. Cheviot Properties Ltd. Land assembly for future development and use Lunelli Enterprises Ltd. (Anthony’s Suzuki Subaru & Ironman Subaru)
• • • •
Downtown Kelowna land and building available for lease or for sale 4,403 SF with a fit up retail area in the front and warehouse/storage area in the rear Corner site is approximately 0.12 acres and has parking in the rear Zoned C7 - Central Business Commercial which allows over 40 primary uses
AVAILABLE OPTIONS... BUILDING SIZE (SQ. FT.)
Approx. 4,403
BASE RENT
(PER SQ. FT. PER YEAR)
$13.00
FOR LEASE EST. TNET
TOTAL RENT
SALE PRICE
$4.27
$6,336.65
$998,000
(PER SQ. FT. PER YEAR)
KEN
McLAUGHLIN
250.870.7845
(PER MONTH)
ADDITIONAL COSTS GST & UTIL.
KRIS
McLAUGHLIN 250.870.2165
www.CommercialBC.com •
E.&O.E. The information above has been obtained from sources believed to be reliable. However, neither McLaughlin Commercial Group Ken McLaughlin or Kris McLaughlin RE/MAX/RE/MAX Kelowna,make any guarantees, warranties or representations about the accuracy. It is the responsibility of the reader to independently confirm and verify its accuracy, and to satisfy themselves as to its completeness. Any financial projections, assumptions, or estimates are used for example only and may or may not reflect the current or future performance of the property. All properties listed on MLS® unless otherwised stated.
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
PROPERTY PICTURES
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
PROPERTY PICTURES
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
FLOOR PLATE
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
SITE PLAN
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
LOCATION MAP
HIGH EXPOSURE DOWNTOWN CORNER SITE 487 LEON AVE, KELOWNA B.C.
TITLE SEARCH TITLE SEARCH PRINT Requestor: PB63684 Folio/File Reference:MCLAUGHLIN, KEN
2014-01-10, 13:27:56
**CURRENT INFORMATION ONLY - NO CANCELLED INFORMATION SHOWN** Land Title District Land Title Office
KAMLOOPS KAMLOOPS
Title Number From Title Number
CA1872058 CA463653
Application Received
2011-01-17
Application Entered
2011-01-20
Registered Owner in Fee Simple Registered Owner/Mailing Address:
Taxation Authority
MANOMAY HOLDINGS INC., INC.NO. BC0619618 224 NORTH BOUNDARY ROAD BURNABY, BC V5K 3S6
CITY OF KELOWNA
Description of Land Parcel Identifier: 007-871-945 Legal Description: LOT A DISTRICT LOT 139 OSOYOOS DIVISION YALE DISTRICT PLAN 20326 Legal Notations THIS TITLE MAY BE AFFECTED BY A PERMIT UNDER PART 26 OF THE LOCAL GOVERNMENT ACT, SEE KW44791 Charges, Liens and Interests
NONE
Duplicate Indefeasible Title
NONE OUTSTANDING
Transfers
NONE
Pending Applications
NONE
Title Number: CA1872058
Title Search Print
Page 1 of 1
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna
Consolidated Zoning Bylaw No. 8000
14.7
C7 – Central Business Commercial C7rls – Central Business Commercial (Retail Liquor Sales) C7lp – Central Business Commercial (Liquor Primary) C7lp/rls – Central Business Commercial (Liquor Primary/ Retail Liquor Sales)
14.7.1
Purpose The purpose is to designate and preserve land for the orderly development of the financial, retail and entertainment, governmental and cultural core of the Downtown, as well as the retail, entertainment and cultural core of Rutland, which shall provide for high density residential uses, and commercial uses.
14.7.2
Principal Uses The principal uses in this zone are: (a) amusement arcade, major (b) apartment housing (c) apartment hotels (d) boarding or lodging houses (e) breweries and distilleries, minor (f) broadcasting studios (g) business support services (h) child care centre, major (i) commercial schools (j) community recreational services (k) congregate housing (l) custom indoor manufacturing/artist’s studio (m) emergency and protective services (n) financial services (o) food primary establishment (p) funeral services (q) fleet services (r) gaming facilities (s) government services (t) health services (u) hotels (v) household repair services (w) liquor primary establishment, major (C7lp and C7lp/rls only) (x) liquor primary establishment, minor (y) multiple dwelling housing (z) non-accessory parking (aa) offices (bb) participant recreation services, indoor (cc) personal service establishments (dd) private clubs
Section 14 – Commercial Zones
Revised May 27, 2013
C7-1 C7rls-1 C7lp-1 C7lp/rls-1
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna
(ee) (ff) (gg) (hh) (ii) (jj) (kk) (ll) (mm) (nn) (oo) (pp) (qq) (qq) (rr) 14.7.3
Consolidated Zoning Bylaw No. 8000
private education services public education services public libraries and cultural exhibits public parks recycled materials drop-off centres retail liquor sales establishment (C7rls and C7lp/rls only) retail stores, convenience retail stores, general spectator entertainment establishments spectator sports establishments supportive housing temporary shelter services thrift stores used goods stores utility services, minor impact
Secondary Uses The secondary uses in this zone are: (a) (b) (c) (d)
14.7.4
Subdivision Regulations (a) (b) (c)
14.7.5
agriculture, urban amusement arcade, minor child care centre, minor home based businesses, minor
The minimum lot width is 6.0 m. The minimum lot depth is 30.0 m. The minimum lot area is 200 m².
Development Regulations (a)
(b) (c) (d) (e) (f)
The maximum height is 22.0 m except in Area 1 and Area 2, as shown on C7 -Diagram A and Diagram C, attached to this bylaw. The maximum allowable height within Area 1 and Area 2, as shown on C7 - Diagram A and Diagram C attached to this bylaw, is 44.0 m. The minimum front yard is 0.0 m. The minimum side yard is 0.0 m. The minimum rear yard is 0.0 m. Any portion of a building above 15 metres in height must be a minimum of 3.0 m. from any property line abutting a street, as shown on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must be a minimum of 4.0 m from any property line abutting another property as illustrated on C7 - Diagram B attached to this bylaw.
Section 14 – Commercial Zones
Revised January 20, 2014
C7-2 C7rls-2 C7lp-2 C7lp/rls-2
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna (g)
(h)
(i)
(j)
(k) (l)
Consolidated Zoning Bylaw No. 8000 Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height must lie within the prescribed line illustrated on C7 – Diagram B, attached to this bylaw. This line will start at the geodetic elevation 15.0 m above all property lines adjacent to a street, and be inclined at an angle of 80 degrees. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed 676.0 m2, as illustrated on C7 - Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any portion of a building above 15.0 m in height cannot exceed a continuous exterior horizontal dimension of 26.0 m, as illustrated on C7 – Diagram B attached to this bylaw. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, any floor plate situated above 15.0 m in height cannot exceed a diagonal dimension of 39.0 m as illustrated on C7 – Diagram B attached to this bylaw. In reference to the provisions restricting building envelope, the F.A.R is 9.0. Any portion of a building above 22.0m in height must maintain a minimum setback of: (i) 15.0m from any property line abutting another property line. (ii) 10.0m from any property line abutting a lane. (iii) 30.0m between more than one tower on the same property. The above setbacks will be measured from the nearest exterior building face, exclusive of unenclosed balconies.
14.7.6
Other Regulations (a)
(b)
(c)
A minimum area of 6.0 m² of private open space shall be provided per bachelor dwelling, 10.0 m² of private open space shall be provided per 1 bedroom dwelling, and 15.0 m² of private open space shall be provided per dwelling with more than 1 bedroom. Within Areas 1 and 2, as shown on C7 - Diagram A and Diagram C, attached to this bylaw, a supplemental floor area of 5% can be added to any floor area above 15.0 m in height provided the floor dimensions comply with all other provisions set out in the C7 zone. The supplemental area can only be added to the floor used as the basis for the calculation and shall be based on gross floor area of that floor. In addition to the regulations listed above, other regulations may apply. These include the general development regulations of Section 6 (accessory development, yards, projections into yards, accessory development, lighting, stream protection, etc.), the landscaping and fencing provisions of Section 7, the parking and loading regulations of Section 8, and the specific use regulations of Section 9.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3 C7rls-3 C7lp-3 C7lp/rls-3
HIGH EXPOSURE DOWNTOWN CORNER SITE FOR LEASE 487 LEON AVE, KELOWNA B.C.
ZONING INFORMATION City of Kelowna
Consolidated Zoning Bylaw No. 8000
(d)
All buildings along an identified “Retail Corridor”, as shown on C7 – Diagram A, attached to this bylaw, shall provide a functional, retail commercial space on the first floor, which must occupy a minimum of 90% of the street frontage.
(e)
Drive-in food services are not a permitted form of development in this zone.
(f)
Financial services in the Rutland Urban Centre shall have a maximum total gross floor area of 500 m2 unless a larger branch of the Financial services establishment is located within the Downtown Urban Centre.
(f)
All development within the C7 zone must provide an active commercial or residential use at-grade along all street frontages (e.g. retail, office space, ground-orientated residential units), which must occupy a minimum of 90% of the street frontages, OR a minimum of 75% on secondary street frontages provided 100% of the principal frontage has an active commercial or residential space. Access driveways and other portions of the street frontage not used as building will not be considered for the purpose of this calculation.
(g)
Within Area 3, as shown on C7 – Diagram A, attached to this bylaw, buildings less than or equal to 15.0m in height shall not be required to meet the vehicle parking space requirements of Section 8.1 of this Bylaw. Any buildings greater than 15.0m in height shall fully conform to Section 8.1.
Section 14 – Commercial Zones
Revised November 14, 2011
C7-3a C7rls-3a C7lp-3a C7lp/rls-3a
Commercial Listings, Projects and Services managed by the McLaughlin Commercial Group and can be seen on its’ website include: • • • •
Commercial Properties for Sale and Lease Businesses for Sale Vacant Land Land Assembly
• • • •
Multi-Family Residential Industrial Projects Larger Commercial Development Projects ALR Submissions
McLaughlin Commercial Group’s Approach: The McLaughlin Commercial Group has earned a reputation for professional due diligence and expertise across a wide range of commercial real estate areas. Its’ approach in cooperative REALTOR®/Developer projects are driven by the principles of buying great sites and improving them through innovative, distinctive and superior developments. The combined multiple decades of experience from the team has gained it an entrepreneurial reputation throughout the Okanagan Valley. It’s common goals shared with clients over the many years is to develop property that is ahead of the market in design and structure, and to deliver a high-quality product that will ensure capital growth for both owner occupiers and investors alike. McLaughlin Commercial Group’s Eight Development Principles: 1. 2. 3. 4. 5. 6. 7. 8.
Position: Does the development occupy a prime location suitable for the target market? Timing: Are we one step ahead of the market in the style and type of development? Tenant Ability: Does it appeal to owners, investors and occupiers alike? Innovation: Will the project allow new concepts, features, and layouts to be incorporated? Site Specifics: Can the project develop an individual signature style not already on the market? Pricing: Will purchasers gain excellent value for their financial outlay? Point of Difference: Can we introduce new initiatives into the market? Demand: Can we capitalize on market trends, that is, does the development appeal to owner occupiers therefore ensuring strong rental prospects for the investor?
A Few of the Institutional and Commercial Relationships Developed by the McLaughlin Commercial Group Over the Years Include: • • • • • • • • • •
Okanagan University College Roman Catholic Bishop of Nelson Tatum Properties Granville Savings & Mortgage Corp. Glenmore Development Corp. Shell Canada/Action Super-Save Gas Stations TROIKA Developments Inc. Environment Canada Managing the submission of ALR applications Managing the re-zoning and/or subdivision process through the City of Kelowna and the Okanagan Regional District
• • • • • • • • • • •
Public Works Canada, Acquisition & Disposition City of Vernon Lawrence Medical Arts Ltd. Huber Developments Ltd. KPMG Inc. Hawkeye Holdings Ltd. Roofing & Sheet Metal Ltd. TOMTAR Roofing & Sheet Metal Ltd. Cheviot Properties Ltd. Land assembly for future development and use Lunelli Enterprises Ltd. (Anthony’s Suzuki Subaru & Ironman Subaru)
